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The Global Tariff Tug-of-War: A Human Cost Caught in the Crossfire
[journal article]
Abstract In the quiet fields of Iowa, a farmer greets the sunrise with a mix of resolve and dread. Once a symbol of hope, the dawn now casts a shadow of uncertainty over his spreadsheets, which reveal a stark truth: the export route to China - a lifeline for his soybean crops - has withered under a 135% reta... view more
In the quiet fields of Iowa, a farmer greets the sunrise with a mix of resolve and dread. Once a symbol of hope, the dawn now casts a shadow of uncertainty over his spreadsheets, which reveal a stark truth: the export route to China - a lifeline for his soybean crops - has withered under a 135% retaliatory tariff. This stems from a 10% tariff imposed on certain agricultural products in March, compounded by a 125% levy announced on April 11. Across the globe in Shanghai, a factory owner faces a parallel struggle. The cost of imported machinery has surged by 145% due to U.S. tariffs, threatening the viability of their production line. These two lives, oceans apart, are woven together by a shared reality - tariffs, once subtle tools of economic policy, have become blunt instruments in a high-stakes geopolitical chess match, reshaping livelihoods with every move.... view less
Keywords
United States of America; tariff policy; economic relations; China
Classification
Economic Policy
Free Keywords
Trump, Donald
Document language
English
Publication Year
2025
Journal
IndraStra Global, 11 (2025) 4
ISSN
2381-3652
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0